Proposing a constitutional amendment to dedicate a portion of the revenue derived from state sales and use taxes to the Texas water fund and to provide for the allocation and use of that revenue.
Impact
If enacted, HJR7 would significantly influence Texas water law and funding mechanisms, enabling the allocation of state funds for the construction and maintenance of water infrastructure projects. The constitutional amendment would require the comptroller of public accounts to allocate the first $1 billion of excess sales tax revenue to the water fund each fiscal year, providing a more consistent revenue stream for essential water projects. Furthermore, it places certain conditions on how and when these funds can be utilized, ensuring that they directly benefit water supply initiatives.
Summary
HJR7 proposes a constitutional amendment aimed at designating a portion of the revenue generated from state sales and use taxes to support the Texas water fund. This initiative reflects an ongoing concern regarding water scarcity and the necessity for sustainable water management as Texas faces frequent droughts. By allocating funds specifically for water initiatives, the amendment seeks to enhance the state's capacity to develop infrastructure that ensures a sustainable water supply for its residents.
Sentiment
The sentiment surrounding HJR7 appears largely supportive, as many stakeholders recognize the pressing need for improved water management resources. In committee discussions, proponents emphasized the importance of secure water resources for the future economic growth of Texas. However, there are concerns about the long-term implications of such a dedicated revenue stream and whether it would limit the legislature's flexibility to address other pressing budgetary needs.
Contention
Noteworthy points of contention involve the potential restrictions HJR7 would place on fund allocations during declared states of disaster and the conditions surrounding the repurposing of funds. Critics argue that while improving water resources is crucial, designating a certain percentage of tax revenue might inhibit the legislative body's ability to allocate funds for other emergencies or essential services. Therefore, the overall debate hinges not only on water supply issues but also on fiscal policy and governance.
Enabled by
Relating to the oversight and financing of certain water infrastructure matters under the jurisdiction of the Texas Water Development Board.
Enabled by
Relating to the oversight and financing of certain water infrastructure matters under the jurisdiction of the Texas Water Development Board.
Proposing a constitutional amendment dedicating a portion of the revenue derived from state sales and use taxes and insurance premium taxes to the Texas water fund.
Proposing a constitutional amendment providing for the creation of and use of money in the Grow Texas fund and allocating certain general revenues to that fund, the economic stabilization fund, and the state highway fund.
Proposing a constitutional amendment dedicating certain general revenue that would otherwise be transferred to the economic stabilization fund to the Texas water fund.
Proposing a constitutional amendment providing for the creation of the property tax reduction fund and dedicating certain surplus state revenue to the fund.
Proposing a constitutional amendment providing for the creation of the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, dedicating the money in that fund to benefit areas of the state significantly affected by oil and gas production, and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and certain other funds and accounts.
Proposing a constitutional amendment providing for the creation of the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, dedicating the money in that fund to benefit areas of the state significantly affected by oil and gas production, and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and certain other funds and accounts.
Proposing a constitutional amendment to permit additional uses of certain dedicated general revenue transferred each fiscal year to the state highway fund.
Proposing a constitutional amendment to permit additional uses of certain dedicated general revenue transferred each fiscal year to the state highway fund.
Relating to the creation and re-creation of funds and accounts, the dedication and rededication of revenue and allocation of accrued interest on dedicated revenue, and the exemption of unappropriated money from use for general governmental purposes.
A joint resolution proposing an amendment to the Constitution of the State of Iowa by repealing the natural resources and outdoor recreation trust fund, and dedicating a portion of state revenue from sales and use taxes imposed for the benefit of property tax relief.